- World Sailing finally moves to new premises in London
In November 2021 we reported that World Sailing was trying to terminate the Paddington, London office lease and move to smaller office space, which is expected to save £420,000 a year.
David Graham, chief executive of World Sailing, has now told insidethegames that the sailing governing body has left its Paddington headquarters and is in the process of securing new premises in London as it seeks to keep its finances under control.
While remaining in London, the move is expected to reduce actual costs (rent, rates, utilities and services) to less than £170,000 per year, compared to current costs of around £590,000 per year.
World Sailing should finalize the contract for the new offices by mid-May.
The London office of World Sailing when they moved in January 2017
World Sailing moved from Southampton to London in January 2017 to quote – “A location that allowed World Sailing members and stakeholders easy access to the new facility and enabled international diversity with a high quality multilingual employment base.”
Despite the dismissal of negative reviews at the time and the desperate attempt to justify the location in one of the most expensive cities in the world. World Sailing has now given in to this criticism and found that they can exist in a smaller area.
Sadly, this moment of madness cost the members some £2.1million.
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